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Feb 6, 2013
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we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end of 2012. >> we've been reminded that while it's critical for us to cut wasteful spending we can't just cut our way to prosperity. deep, indiscriminate cuts to things like education and training, energy and national security will cost us jobs. >> new numbers from the congressional budget office may provide some ammunition. the cbo projects the economy will grow at a measly rate of 1.4% this year and 3.4% next year. the cbo forecast is correct, 2014 will be the sixth consecutive year with unemployment above 7.5%, but expect to hear from republicans about another big number in that report, and alt
we believe there is a better way to reduce the deficit, but americans do not support sacrificing any real spending cuts for more tax hikes. the white house believes house republicans, who have warmed up to the idea of letting the sequester take effect, may get a wake-up call as they continue to see those -- the economy contract, that the fourth quarter numbers will be a wake-up call. the president pointed out yesterday that those cuts in defense spending caused the economy to shrink at the end...
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Feb 2, 2013
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but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a good eye, what caught yours? >> one thing i saw was the revisions to last year's employment growth was such that i thought we were adding 150,000 jobs a month in 2012. i thought it was okay. turns out we're adding 180,000 jobs per month last year. so we did a bit better. over 2 million jobs on the year. now on the gdp side, most economists, don't think it will stick. i think it it volatility, i think there were unusual things that happened. in the quarter to quarter changes, it is better to look year over year. >> and do you mean what happens in a month or two we'll get t
but increasing taxes a bit, not coming to the big deficit deal. the private sector and even the markets don't seem all that concerned. the last week should cause a lot of people in washington to re-think what they're doing. i am not optimistic that will happen. joining me now, former economic adviser to vice president joe biden, jared bernstein, a man who is always re-thinking what he is doing, how are you? >> i'm fine, ezra. >> and what else did you see in the reports? you got a...
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Feb 4, 2013
02/13
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the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president also warned congress about the danger of alowing the sequester to go into effect. >> washington cannot continually operate under a cloud of crisis. that freezes up consumers, gets businesses worried. we can't afford the self-inflicted wounds. >> no another tweet david plouffe said message delivered to big audience on balanced budget, deficit reduction, economy growth. on abc, an unlikely name was invoked for direction. >> i think what we need to do is do some things mitt romney taungd abo talked about. he said there are tax loopholes that should be closed. there are efforts being made to only get rid of the s
the president told super bowl fans reducing the deficit will require more taxes. >> can we combine some smart spending cuts because there's still some waste in government, can we reform our health care programs in particular and can we close loopholes and productions that folks who are well connected and have a lot of accountants can take advantage of. there's no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. >> president...
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Feb 2, 2013
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we're deficit doves in a down economy, and deficit hawks in a strong economy. at a time like this, what you really need is faster growth. by the way, not only will that help put more people to work, but it will actually help reduce your budget deficit ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and we've seen this in europe. all that austerity. if you do it too soon, not only does it not work on the growth side it actually hurts you on the government debt side. >> okay. politics here, though, with republicans calling for all this deficit reduction -- they control the house -- is it politically not viable for paul krugman and you to get your wish? >> apparently it's less viable than perhaps it ought to be if we were just going on the economics. look, i think the thing that maybe paul and certainly me are both saying is, it may be unrealistic to expect more stimulus spen
we're deficit doves in a down economy, and deficit hawks in a strong economy. at a time like this, what you really need is faster growth. by the way, not only will that help put more people to work, but it will actually help reduce your budget deficit ironically because those people will be working, paying taxes, they won't be drawing on government benefits. when you're into a robust economic recovery, that's when you want to start serious deficit reduction. but if you do it too soon -- and...
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Feb 6, 2013
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...
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Feb 7, 2013
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last five years, and the result has been the weakest recovery in 75 years and trillion-dollar annual deficits. the sequester will help the economy by leaving more capital for private investment. the sequester will surely require worker furloughs and cutbacks in certain nonpriority services. but most of those layoffs will happen in the washington, d.c., area. the recession-free region that has boomed during the obama era. >> wow. not a lot of republicans would agree with that because the sequester would hurt the pentagon. that's why they're talking about the d.c. area. >> can you raise my hand and say i'm one republican that would agree with that? we've got to cut defense spending. >> we have to. >> we've got to, and we've got to cut spending. >> willy-nilly, though. so the sequester is willy-nilly, isn't it? you wouldn't want to cut having the sequester do it? >> didn't congress make the sequester? >> that was a carrot and stick situation. the sequester is the stick. >> the problem is you can't get the president of the united states to put alternative cuts on the board. he'll talk in generali
last five years, and the result has been the weakest recovery in 75 years and trillion-dollar annual deficits. the sequester will help the economy by leaving more capital for private investment. the sequester will surely require worker furloughs and cutbacks in certain nonpriority services. but most of those layoffs will happen in the washington, d.c., area. the recession-free region that has boomed during the obama era. >> wow. not a lot of republicans would agree with that because the...
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Feb 6, 2013
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we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you think about the single mom working 12 hours a day and her paycheck does not take her to the end of the month on food. what she realizes and has been a responsible mom, but realizes after she makes the decision to have her child not have an abortion is that her paycheck is not going to help her feed her infant. the women infant children program not only feeds these families, it also teaches them about nutrition and how to be healther and live healthier lives. this is important for families and the economy. we are helping people stay healthy longer and one of
we should bring the deficit down, but we have time. we should take the cuts off the table and think about how to get the economy going. if people work again, we are on the road to solving the problem. >> to that point and looking at the cuts you have been pointing out to head start and cuts to wic, the women, infant and children nutritional assistant program, they are penny wise and foolish and may be making things worse in the long run. >> i'm glad you raised that, crystal. if you...
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we believe there is a better way to reduc the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year. that's compared to $1.1 trillion short fall. the outlook predicts the improvements will not last. it warns that an aging population will drive up retirement spending and rising interest rates will put the debt at unsustainable level it's current laws remain in place, debt by 2023 will equal 77% of gross domestic product. that is roughly double the 39% average seen over the past 40 years. >>> coming off the republicans' bruising defeat, eric cantor is looking to rebrand his party n a speech at a d.c. think tank, he moved away from his combative tone expressing a need to work on issues with president obama important to t
we believe there is a better way to reduc the deficit but americans do not support sacrificing real spending cuts for more tax hikes." >>> efforts by the white house to head off spending cuts come as a new government report predicts the budget deficit will drop below $1 trillion for the first time during obama's presidency. the congressional budget office which assumes that the cuts will go into effect march 1st says the government will run a deficit of $845 billion this year....
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Feb 7, 2013
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and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan of
and it's estimated to reduce the deficit by $3.3 trillion. remember, we're trying to hit $4 trillion. so we're getting closer. the plan ends tax loopholes for yachts and for jets. it reduces the corporate meal and entertainment deduction to 25%. you can't write off the whole dinner anymore. it ends fossil fuel subsidies for oil companies that are raking in massive profits. exxonmobil, you know what their profit was? $44 billion in 2012. the last thing they need right now is your tax dollars as...
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Feb 5, 2013
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a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are still very much on the table. i just want to repeat, the deals that i put forward, the balanced approach of spending cuts and entitlement reform and tax reform that i put forward are still on the table. i have offered sensible reforms to medicare and other entitlements, and my health care proposals achieved the same amount of savings by the beginning of the next decade as the reforms that have been proposed by the bipartisan bowls simple son fiscal commission. these reforms radio reduce our government's bill. what's up, cameraman? come on, guys. they're breaking my flow a
a balanced approach has achieved more than $2.5 trillion in deficit reduction. that's more than halfway towards the $4 trillion in deficit reduction that economists and elected officials from both parties believe is required to stabilize our debt. so we've made progress. i still believe that we can finish the job with a balanced mix of spending cuts and more tax reform. the proposals that i have put forward during the fiscal cliff negotiations in discussions with speaker boehner and others, are...
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are >>> in march 2007, some of the fine folks at morgan stanley were brainstorming via e-mail about what they wanted to call a new product they were working on. it was an investment package essentially that they would eventually go on to sell to a chinese bank. here are some of the potential product names that were suggested in this brainstorming session by a particular morgan stanley vice president. flutter fish 2007, or mike tyso
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 6, 2013
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blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are committed to us lurching from self-imposed crisis to self-imposed crisis instead of us working this stuff out like adults. the accusation that president obama has grown the deficit giantly since he has been in office is a very politically potent accusation. and when republicans say it, the beltway media tends to write it down as if it was true. it is not true. it has not been true for a very long time, and there is really no ex
blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been...
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Feb 1, 2013
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look at the cut of session of republicans. >> we have worked all year to reduce our budget deficit and to cut spending. >> we have reduced the size and role of government. we've got to cut spending. >> we'll continue to work on finding smarter ways to cut spending. >> spend less. >> when we know. when we know in terms of very clear, empirical evidence that austerity measures makes things worse. they will tell you as we saw governor romney do. corporations are people, my friend. and say governments don't create jobs. governments not only create them, but if we had allowed government spending to stay and to stimulate it, we would be in a position where we would have a much lower unemployment rate. >> much lower and much more money out there consumers, people be spending money because they'd have it. and it would go back in the system. dana, melissa, thanks for your time. and be sure to watch melissa harris perry saturdays and sundays 10:00 a.m. here on 34rks snbc. >> coming up, what a day in politics. scott brown is not running and now geraldo rivera may be geraldo? >>> plus, george bush
look at the cut of session of republicans. >> we have worked all year to reduce our budget deficit and to cut spending. >> we have reduced the size and role of government. we've got to cut spending. >> we'll continue to work on finding smarter ways to cut spending. >> spend less. >> when we know. when we know in terms of very clear, empirical evidence that austerity measures makes things worse. they will tell you as we saw governor romney do. corporations are...
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Feb 8, 2013
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we talk about needing a balanced approach to cut this deficit, but why exactly do we need a balanced approach? it's not as if the economy distributes its games in a balanced way. if over the last ten or 15 years wages had gone up equally and profits had gone to the top 1% in an equal way, then you can say we need to rein in the deficit. instead, it seems like all of the games go to the top 1% but when it's time for pain, that we're going to spread across. that we need to give to social security, medicare, medicaid and we can't touch taxes. >> ryan grim and shira, have a good weekend. good luck. >> thank you. >>> snow is starting to fall across the northeast and forecasters say before it's done, this will be one for the record books. stephanie abrams is live for us in new york city's times square. good morning. >> reporter: chris, good morning to you. in times square, we have seen it all. nemo has been a triple threat, rain, sleet, and snow. laguardia and central park have been reporting all snow throughout the morning hours and it's not only new york. it goes into connecticut. and ne
we talk about needing a balanced approach to cut this deficit, but why exactly do we need a balanced approach? it's not as if the economy distributes its games in a balanced way. if over the last ten or 15 years wages had gone up equally and profits had gone to the top 1% in an equal way, then you can say we need to rein in the deficit. instead, it seems like all of the games go to the top 1% but when it's time for pain, that we're going to spread across. that we need to give to social...
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Feb 8, 2013
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what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the analysis out there, democrats feel that they can win this argument over these cuts and that it's likely we're going to hear from the president words like corporate jets, big oil in the state of the union positioning the every day working people against those against who says he not paying their fair share. >> i think there was an interesting speech this week earlier from eric cantor, the house majority leader. i think people want to hear about more than just the deficit numbers but really concrete measures that are going to be enacted to make their lives better and what people are
what about deficits? we have a jobs crisis in this country. not a deficit crisis. to me, the whole conversation has been pushed to the right further than it should be. >> and karen, on a last note, in anticipation of the president's speech, the white house released numbers on the people affected by the cuts. i believe around 600,000, between 600,000 and 800,000 suffering as a result of cuts to food stamps and other program that is people need to survive these days and at least some of the...
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Feb 6, 2013
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it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal service. second to that, yes, all of us are using e-mail and paying our bills online. and therefore first class mail has dropped off a cliff. however, package delivery has increased dramatically because you and i are shopping online and all of those packages are sent to our homes. so that's been up 14% over two years. so in the view of many, this is the postal service trying to force the hand of congress. congress has had this on their agenda for years and has failed to act, even though the postal service year after year after year comes out a
it doesn't meet the entire deficit, if you will. they're losing $16 billion a year, and this is important. you've got to understand why they're losing it. the biggest reason they're losing so much money is because they, unlike any other government entity, they are forced to pay in advance for the retirement medical benefits of their retirees even before they retire. so as a result, that huge chunk of cash that they have to set aside is costing them a fortune and it is a huge drag on the postal...
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Feb 3, 2013
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one thing that happens is the deficit. we are talking the out year's 2030, 2035 and 2045. what do we know about the economy in 2040? we can't predict one year. maybe innovation is incredible. maybe we have four years of japanese growth. things are going to change a lot. i want to thank our guests. connie, joe from business insider. ed connor, thank you all. that was great. >> thank you. >> thank you for joining us. we'll be back next weekend. our guests will include gror ya and marlo. the state feminism today. coming up next is melissa harris perry. former congresswoman gabby giffords and her gun control issues. that's up next on mhp. have a fun super bowl. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. how did i know? well, i didn't really. see, i figured low testosterone would
one thing that happens is the deficit. we are talking the out year's 2030, 2035 and 2045. what do we know about the economy in 2040? we can't predict one year. maybe innovation is incredible. maybe we have four years of japanese growth. things are going to change a lot. i want to thank our guests. connie, joe from business insider. ed connor, thank you all. that was great. >> thank you. >> thank you for joining us. we'll be back next weekend. our guests will include gror ya and...
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Feb 6, 2013
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he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall street packs that can raise tens of billions of dollars. and we can do some cutting, but in that cbo report that you mentioned, it also said that the kind of austerity program which the sequester would represent would be damaging to the recovery, would hurt gdp, and, of course, that's in line with what most economists believe. i think we've got to be very careful when we just say we've got a cut, without regard to the impact of those cuts, both on the economy and on some very important programs. >> you know what the republicans' answer to that is. they say one of the conce
he wants to do some long-term spending reduction on the de deficit. republicans say don't trust him. i don't think republicans will be swayed by the cbo report. they have what they see as a mandate from voters, cut spending. >> let me bring in congressman john yarmuth. what would you like to see? >> i think some of the spending you mentioned could be very youthful. some of the farm subsidies that are unjustified. i'd like to consider a securities transaction pack, the so called wall...
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Feb 5, 2013
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and we had a debate whether we take a balanced approach to deficit reduction as you described. one that asks the wealthiest americans to pay a bit more while making sure we reduce spending and make responsible spending cuts without cutting the legs out from under the economy. and i'm sure mr. bernstein would agree that as the economist i heard when i was a member of the budget committee repeatedly say that you can't cut so much so fast because in a recovery that is already more fragile than we'd like to see, you want to make sure you don't slow or stall that recovery. that's what the republicans are risking. it's really -- you know, i wish and i know that americans across the country wish that there would just be a massive outbreak of responsibility in the republican conference so that we could bring them to the table, sit down, and work together to avoid massive spending cuts which they seem willing to allow to happen. >> a massive outbreak of responsibility. wouldn't that be a great occurrence? let me ask you, jared. you may agree, but senator mitch mcconnell clearly doesn't
and we had a debate whether we take a balanced approach to deficit reduction as you described. one that asks the wealthiest americans to pay a bit more while making sure we reduce spending and make responsible spending cuts without cutting the legs out from under the economy. and i'm sure mr. bernstein would agree that as the economist i heard when i was a member of the budget committee repeatedly say that you can't cut so much so fast because in a recovery that is already more fragile than...
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Feb 4, 2013
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that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants to get done. take a look at this. there are many middle class households that are actually paying a higher tax rate than households that make over a million dollars a year because they don't get most of their money from investments. will the president's policies change this problem? >> they will and they already are, to some extent. but there's more to be done there, just like the president just said. in the deal that ended the fiscal cliff, the tax rate at least for folks at the very top of the income scale, above $450,000, on capital gains and dividends, capital gains is what you get when you sell an appreciated s
that we're reducing our deficit in a way that doesn't hamper growth, reduce the kinds of strategies that we need in order to make sure that we're creating good jobs and a strong middle class. >> strong middle class. make sure the system is fair. it's game on for this president. joining me now is political strategist angela rye. thank you both for being with us. >> thank you, reverend al. >> jarret, let me go to you first. tax fairness is a big part of what the president wants...
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. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big spending cuts. >> right. >> it was a deficit reduction package that worked. they continued to do more deficit reducing package with newt gingrich on the spending side throughout the decade and we're on our way to a surplus. >> that's right. i've been calling it the undecade, the 1990s has been written out of their record. they would have you believe that it was always the way it was under reagan and then bush. >> why don't they just say, leave off the clinton tax increase, which helped a lot, and just claim they did it for spending cuts? >> because if they do, if they admit that something nice happened in the '90
. >> i want to listen to something that john boehner said about how we have handled deficits over the years. let's listen to this. >> at some point, washington has to deal with its spending problem. now, i've watched them kick this can down the road 22 years that i've been here. i've had enough of it. it's time to act. >> that is -- i'm trying to think of a word other than lie. kick the can down the road? we had a big tax increase in 1993 with president clinton along with big...
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for instance, deficits are decreasing. however, all i ever hear from republicans is the president needs to get serious. from speaker john boehner. that's the best impersonation i can give you. >> it's not bad. >> wasn't very good, nothing personal. >> but dana, is that it? >> well, that was a little raspy, your john boehner. but i think you've captured the sentiment, more or less correctly. and yes, the cbo report shows that the deficit is shrinking. but it is also showing the efforts to shrink the deficit have taken away from growth and the economy. you can't have one of these things without the other. now, i think there's a fallacy in the first question you posed to jared. that is that republicans would be very upset if there were a double-dip recession in a political sense as rush limbaugh and others have stated, they may be in a stronger position if the economy goes back into recession. then the president and his majority party will be less powerful. so they actually have a political incentive. >> hang on a second, dan
for instance, deficits are decreasing. however, all i ever hear from republicans is the president needs to get serious. from speaker john boehner. that's the best impersonation i can give you. >> it's not bad. >> wasn't very good, nothing personal. >> but dana, is that it? >> well, that was a little raspy, your john boehner. but i think you've captured the sentiment, more or less correctly. and yes, the cbo report shows that the deficit is shrinking. but it is also...
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Feb 7, 2013
02/13
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she's part of the progressive caucus which produced his own plan this week to trim the deficit without cuts to our safety net. congresswoman, let me go to you first. the president made it clear he'll fight for what he believes is right. will republicans fold yet again? >> well, i certainly hope they will. apparently, john boehner said we're done with taxes. the president was very clear that when meeting the economic and fiscal challenges ahead, that he wants to keep in perspective whether the cop or the receptionist was able to make it. and he did contrast it with what the republicans want. and they want to cut medicare and social security. and so he said fine, let's argue this out in the public. and he clearly felt confident that he and we would win if that bat 8 takes place. >> now, the reason i'm asking, congresswoman, is "politico" is reporting that the economy is crumbling. let me quote. >> if that is true and the democratic caucus stands together and the president stands firm, they will have backed down yet again. >> exactly. you know, reverend al, that this sequester was never i
she's part of the progressive caucus which produced his own plan this week to trim the deficit without cuts to our safety net. congresswoman, let me go to you first. the president made it clear he'll fight for what he believes is right. will republicans fold yet again? >> well, i certainly hope they will. apparently, john boehner said we're done with taxes. the president was very clear that when meeting the economic and fiscal challenges ahead, that he wants to keep in perspective whether...
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Feb 7, 2013
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us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to close some tax loopholes and deductions that the average american cannot take advantage of, to raise the revenue, to actually do the job in a way that allows us to continue to grow. now, the reason this is relevant is because i gather and i haven't gotten this from first-hand sources, but from second hand sources in the press that our friends on the other side of the aisle,
us to invest in those things that we need to grow right now because that's also a deficit reduction agenda that's growing faster. and in order to have a balanced package that means that we've already done a lot of cuts. we've done some revenue now, and so the rest of the way moving forward we can do some additional reforms and make our health care programs work better and make them more efficient, and we can cut out programs that we don't need, but it also means that we've got to be able to...
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Feb 9, 2013
02/13
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this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had throw years of recovery relative to europe. if we're ever going to take the hit this is a better time to take t if this were three years ago, i would be arguing right with you. i think we can take a chance. when are we going to get the chance to take these cuts in the pentagon or take a bite out of the deficit? i think it's worth it. >> now twittering dean quester. >> if he would stop blaming someone else other than himself and man up and take responsibility. >> kris hayes, i'm sure your guests will have much more explaining on kicking the can down the road. >> thank you. >>> ousted fox news contributor says he's on a mission fo
this deficit is a real problem. this is where i depart from paul. who am i to depart from paul? a nobel laureate. >> we'll ask him. >> this is about the best deal we'll get out of the right-winged crazy people in the house. >> because it's balanced and -- >> it doesn't really touch -- there's no better deal progressives are going to get out of this other than going over the cliff. >> i'm so worried about austerity and -- >> europeans did it wrong. we had...
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Feb 6, 2013
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budget office is predicting high unemployment continued through 2014 but, this is a big but, a lower deficit, the smallest since president obama's been in office, well under $1 trillion. they attribute that to an improving economy and to the fiscal cliff deal. veronica. >> tracie potts, thank you. >>> a major decision expected from the boy scouts of america. national board members set to vote on whether to lift the decade long ban on guy leaders and scouts. it comes after a meeting at the texas headquarters. it is a controversial issue from both sides and putting one of the largest youth organizations under a microscope. scouting should be open to everyone. texas governor rick perry expressed the opposite opinion. board members choose to scrap the policy, local scout units will be able to decide for themselves on whether or not to admit gays to the rankings. >>> on the heels of the boy scouts decision, the pentagon is announcing a policy shift for guy service members and partners. leon panetta expected to extend benefits to partners of personnel. it remains doubtful that medical, down theal
budget office is predicting high unemployment continued through 2014 but, this is a big but, a lower deficit, the smallest since president obama's been in office, well under $1 trillion. they attribute that to an improving economy and to the fiscal cliff deal. veronica. >> tracie potts, thank you. >>> a major decision expected from the boy scouts of america. national board members set to vote on whether to lift the decade long ban on guy leaders and scouts. it comes after a...
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Feb 5, 2013
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and i wonder if the message, reducing the debt and deficit, fixing the education system for the most vulnerable is the way he puts it. the way he talks about immigration, are those things that will resonate? >> i think jonathan's right. what the republican party used to stand for, when george h.w. bush was president, is something that the republican party doesn't seem to stand for for most americans anymore. what they seem to stand for today is being, you know, insensitive on immigration. and not being mindful of a woman's -- you know, women's rights and there are symbols that the republican party promotes, like, they say they're for education, but they want to abolish the department of education. and i think that makes it difficult for them to cut through. if eric cantor can do it, then it needs to be done. but i'm just -- i think that there are candidates out there every single cycle that get in the way of the republicans try to rebrand and they are back in this same position every two years. >> eric cantor is not alone, for sure, jonathan, your old boss, or i guess your boss, karl
and i wonder if the message, reducing the debt and deficit, fixing the education system for the most vulnerable is the way he puts it. the way he talks about immigration, are those things that will resonate? >> i think jonathan's right. what the republican party used to stand for, when george h.w. bush was president, is something that the republican party doesn't seem to stand for for most americans anymore. what they seem to stand for today is being, you know, insensitive on immigration....
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Feb 5, 2013
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place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction when they couldn't do that, this automatic cut put in to place, in to law. now republicans saying that they expect it will happen and in part are okay with that. because it would automatically begin achieving some spending cuts that the two sides have not been able to come to terms with in another way. you heard the president saying there needs to be more time and the real wrinkle now is that republicans thought the tax issue of increasing rates and more revenue just resolved and from their point of view, they thought no more taxes. that issue's off the table but democrats and the president are talking about things like the famous corporate jet loophole and other things to bring in more money. republicans are saying, no. this is going to be one of those standoff moments. will there be a lot of tension between both sides to try to figure this out? >> absolutely. 2:30 eastern time, the professionive caucus to introduce legislation to eliminate the sequester and seeing a lot of
place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction when they couldn't do that, this automatic cut put in to place, in to law. now republicans saying that they expect it will happen and in part are okay with that. because it would automatically begin achieving some spending cuts that the two sides have not been able to come to terms with in another way. you heard the president saying there needs to be more time and the real...
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they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it down because that would hinder trade and commerce. also today the house judiciary committee meeting. they take a look at what might be the best solution here. there's a group of democrats and republicans working behind the scenes to come up with a solution. no word yet on how much progress they've made. >> interesting. tracie potts, thank you. >>> nbc news has obtained a confidential justice department memo that contains the legal justification for drone strikes on american citizens. the document from the justice department says the government can ord
they're talking about the economy and deficit reduction. but also in the context of how does immigration affect that? the president said he wants to do something about the 11 million people who are living and working in this country and have been doing so for years illegally. but republicans here, especially conservatives on the house side, want to make sure border protection comes first. janet napolitano is touring the border right now and says we can secure it but we can't completely shut it...
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Feb 6, 2013
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his party, focusing on issues like education and health care and spend less time talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launc
his party, focusing on issues like education and health care and spend less time talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the...
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Feb 5, 2013
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joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing childre and the needs of health care costs rising and implementation of the president's health care law and we will talk about trying to make life work again for so many millions of americans. >> let me ask you this, one of the great frustrations, i was on the panel of any national conservative institute and people talking about not only the conservative movement but the republican party. one of the frustrations voiced by bill crystal and john pedoritz -- did i say it right? we complained about dodd-frank but really didn't have a strong alternative to dodd-frank. we c
joe, you talked about the need to manage down the debt and deficit. we've been for that and we will continue to demonstrate our commitment to fiscal discipline and want the president to join us. we also in all of this, i don't think completed a sentence, we're trying to do this to help people, trying to do it to help the moms and dads having a very difficult time right now. i get it. i'm a parent and get what working parents are going through and trying to address the needs of educatiing...
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Feb 4, 2013
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when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cayman island accounts. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they've earned. so we just want to make sure that the whole system is fair. >> all right. steve, help me out here. i think the democrats are holding a losing hand if they come back and ask for more taxes. they talk about raising tax rates on anybody. but if we're talking about closing loopholes, carried interest, sort o
when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain...
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Feb 4, 2013
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american families rather than focussing primarily on the need to reduce federal spend and tackle budget deficits." that seems to be a wholesale reversal of where they've been. >> absolutely. i mean, if you go back to the clinton example, which is i think instructive, clinton had to figure out how to run the state. that was not naturally a liberal state. you know? and there was a kind of set of policy innovations that developed during the early 1980s that democratic governors of less liberal states had to sort of figure out how to be more pragmatic to make things work. one of the problems we have now with general polarization is that you have a lot of republican congressional candidates, even governors, coming up in states where they're not responsive to a moderate jurisdiction. you know, it's true that there are figures like -- i think rubio is actually not -- is actually a really interesting figure, but there's also figures like chris christie. you have some republicans that are in states that -- >> jeb bush. >> right. on the whole the party is being pushed by pure demographics and pure distric
american families rather than focussing primarily on the need to reduce federal spend and tackle budget deficits." that seems to be a wholesale reversal of where they've been. >> absolutely. i mean, if you go back to the clinton example, which is i think instructive, clinton had to figure out how to run the state. that was not naturally a liberal state. you know? and there was a kind of set of policy innovations that developed during the early 1980s that democratic governors of less...
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Feb 1, 2013
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bring down the deficits in a balanced, responsible way. >> is washington the biggest problem for the economy? >> i think clearly it is a major headwind. it spends a lot of money ineffectively. you can say that whether you're a conservative or a liberal. a source of job loss. in spite of conservative harping of government occupying too much, there's 1.5 million job shed from state and local government. a lot of those are teachers, first responders. and the inability of the government to put capital in motion and $3 trillion plus in spending in any way effectively is not doing any of us any particular good. the only happening decent right now in terms of growth tends to be what's going on ex-government and that doesn't mean that government couldn't do a lot better but washington isn't. >> let's talk about what's happening on wall street as the banner says, main street versus wall street or main street and wall street depending on your perspective. sometimes it does feel like it's a us against them scenario but the dow now over 14,000 mark. still with the millions of people looking for
bring down the deficits in a balanced, responsible way. >> is washington the biggest problem for the economy? >> i think clearly it is a major headwind. it spends a lot of money ineffectively. you can say that whether you're a conservative or a liberal. a source of job loss. in spite of conservative harping of government occupying too much, there's 1.5 million job shed from state and local government. a lot of those are teachers, first responders. and the inability of the government...
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Feb 8, 2013
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trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet from out of my mitten to the pavement and it's gone. >> it's like every six months for you. >> do you have a case? >> now i'm going to spend money on the case? so i have a blackberry filling in. brian, look at this. whoops. oh, i dropped it. let me see. do i have to buy a new one? look. >> and it still works? >> it still works. it's unbelievable. look. that happened. i did that to the iphone yesterday and it cracked and it turned black, and now we must replace it. >> my wife has the -- >> sam, check that, see if it works. >> the only basically indestructible case for the
trade deficit data which was at the lowest trade deficit for the u.s. since january of 2010, so that's some positive news. we also have mcdonald's importing their global sales down about 2% so that's a little bit of a drag on the dow jones industrial average. but i know the most important story of the day for you has to do with apple and its $137 billion worth of cash but it still can't protect your phone. >> no, it can't. it can't. i'm telling you. i lost another one -- went 2 1/2 feet...
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Feb 6, 2013
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i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, this is totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was a bit jarring to hear some of that coming from eric cantor who has been a warrior. >> hasn't he been the guy standing behind boehner's back waiting to trip him over because he's been too moderate? >> no question. he's been standing off center stage waiting for his opportunity to become speaker. i thought that there was a lot of practicality in the speech but i didn't think there were really big ideas. i think -- >> it was like sundries and notions in a drugstore. little items, like telling colleges they got to tell people what employment prospects there are for english majors. what's that about? cantor -- let's take a look. he took a approach that the university education should be more like a vocational school, a tech school,
i think for republicans they can't be the party of bob dole caring only about the deficit. they have to care about practical -- the reason you're so upset is you know it was a good speech. >> he went over to the aei, the number one war center, this is totally neocon. your thoughts. this is hopeless. i thought he'd admit the truth here today. >> it was a bit jarring to hear some of that coming from eric cantor who has been a warrior. >> hasn't he been the guy standing behind...
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Feb 8, 2013
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. >> if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me. i like to think that mikan dore and bluntness will reassure you you will get straight answers from me, maybe not always the ones you like, but you will get answers and they will reflect my honest views. >> senator, you've been one of the most high-profile critics of the administration for not giving as much information particularly the legal documentation underpinning the targeting of u.s. citizens. is there a current trust deficit between the senate intelligence committee and the administration, and can someone like john brennan heal it or not? >> he did move in the right direction in a number of areas. i was very pleased when he said that if a mistake was made on a targeted killing matter, he'd make a public acknowledgement, something like that. i think he did take some steps in the right direction and the president did as well when he called on wednesday night and said he would reverse course and make additional materials available with respect to the legal analysis for targ
. >> if i am confirmed, a trust deficit between the committee and the cia would be wholly unacceptable to me. i like to think that mikan dore and bluntness will reassure you you will get straight answers from me, maybe not always the ones you like, but you will get answers and they will reflect my honest views. >> senator, you've been one of the most high-profile critics of the administration for not giving as much information particularly the legal documentation underpinning the...
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Feb 1, 2013
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the president made a submission to the super committee a year ago or so, which would have reduced our deficits in a balanced way, eliminated the sequester and his negotiations with the congress on the fiscal cliff. he did the same thing. so this is something that the president has provided a plan. the sequester is bad policy. it's something that we should eliminate. it wasn't intended to take place. and we got a taste for the impact that the sequester might have if it were to take place with the last gdp numbers. and also, i would emphasize that in addition to the broader effect oppose the economy, cutting head start indiscriminately, cutting essential services that people rely on is not good for the country. >> why did the white house eliminate the jobs council? >> the president created the jobs council, as you know. it was given a two-year charter. the jobs council made a number of very helpful recommendations. we followed up on over 90% of the ones we could. we have implemented things like making it easier for foreigners to travel to the u.s. and help our tourism industry. we continue to en
the president made a submission to the super committee a year ago or so, which would have reduced our deficits in a balanced way, eliminated the sequester and his negotiations with the congress on the fiscal cliff. he did the same thing. so this is something that the president has provided a plan. the sequester is bad policy. it's something that we should eliminate. it wasn't intended to take place. and we got a taste for the impact that the sequester might have if it were to take place with...
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inside the beltway, the media keeps pushing the president on debt and deficits. i'd like to know also, i don't think of the fundamental issues confronting this country. but on the gun issue, why wasn't there a single question about the 15-year-old chicago girl, hadiya pendleton, who marched in the parade in the inauguration and was gunned down, the 42nd victim of gun violence in chicago in january. that might be relevant to the issue of how do you stop trafficking of illegal weapon, and relevant to the actual policy debates under way in this country. >> richard, why does inside the beltway media have a propensity to focus on things that people don't care about? >> look, i've been part of that press corps. i was there in the time in the run-up to the war in iraq. but as a pack, as a pack mentality, this is a game. look, the war in iraq was serious. don't get me wrong. but we're talking about kids in america who were killed and how to respond to that. and so, you know, the disjoint between this photo, what the president does in his leisure time, whether it's real o
inside the beltway, the media keeps pushing the president on debt and deficits. i'd like to know also, i don't think of the fundamental issues confronting this country. but on the gun issue, why wasn't there a single question about the 15-year-old chicago girl, hadiya pendleton, who marched in the parade in the inauguration and was gunned down, the 42nd victim of gun violence in chicago in january. that might be relevant to the issue of how do you stop trafficking of illegal weapon, and...
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president obama has proposed a $4 trillion deficit deal. one that is a balanced approach, which we had a debate over whether we wanted balance, through revenue and cuts or whether we wanted a cuts-only approach which the republicans proposed. and the american people decided they wanted president obama's vision. and that's the path we need to continue down so we can provide that certainty. but -- >> let me ask -- >> republicans, i agree, aren't interested in that. >> let me ask you about some other things that obviously have been front and center, and vice president bide met with senate democrats yesterday to keep the pressure on to get something done on gun control. here's part of what he said. i'm not saying there's an absolute consensus on all these things, but there is a sea change. a sea change in the attitudes of the american people. and three new polls show almost complete support, almost 100% support, for background checks in virginia, new jersey, pennsylvania. is this where we're most likely to see some legislation in this area? >>
president obama has proposed a $4 trillion deficit deal. one that is a balanced approach, which we had a debate over whether we wanted balance, through revenue and cuts or whether we wanted a cuts-only approach which the republicans proposed. and the american people decided they wanted president obama's vision. and that's the path we need to continue down so we can provide that certainty. but -- >> let me ask -- >> republicans, i agree, aren't interested in that. >> let me ask...